If you are looking into buying a used car on credit you will probably already know that it can be incredibly difficult if you have a bad credit rating
. There could be a number of reasons for you rating, either because you are young and you have never used any credit cards or applied for loans before, or you have had some difficulty applying for loans in the past which has pushed your score down.
There are no official guidelines for credit ratings and each company simply uses their own criteria for passing and failing potential customers at the credit check. This is why two different companies could give different responses to your application, even though your rating is the same for each.
Having your own car can be very useful, especially if you find yourself having to rely on public transport a lot and have discovered that it can be somewhat unreliable at times. There is no reason why you should simply give up on your quest to buy a car on credit though, as there are companies out there that will lend to you.
Just a quick search online will show you a fair number of second hand car finance companies that offer credit to those with low credit scores. You will still need to satisfy a range of criteria to be successful in your application to these companies though, such as being in part time employment, earning over a certain amount each month and being a UK resident.
If your application is successful you will then be able to go to your local showroom and choose one of the cars. If you already know exactly which car you want this process can be very simple, otherwise you will be able to take some of the cars out for a test drive to find out exactly one will be right for you.
If you are getting sick of being turned down at the credit check stage when applying for bad credit car finance simply find a company that will cater for you. Before you accept the terms of your agreement you should always make sure that you can definitely meet the repayments every month, otherwise you should not accept the terms.
To find the ideal car for you look online for a car company in your local area with car finance for those with low credit ratings.